APR Calculator
When you need to check aPR, the APR gives you a clear starting point. Enter one realistic example first, then compare another option if useful.
True APR
—
Monthly payment —
Total fees + interest —
✉ Email me this result
</> Embed this calculator
Paste this into any website or blog post. It is free — the small "powered by" link must stay visible.
How it works
APR solves: (loan − fees) = payment × (1 − (1+i)⁻ⁿ)/i, annualizedHow to use the APR
Enter the requested values and start with one realistic example. Read the result together with its unit or label, then change one input at a time if you want to compare options.
Use the result as a planning estimate. Rates, fees, rules and personal circumstances can change the final figure.
Frequently Asked Questions
What is the difference between interest rate and APR?
The interest rate prices the borrowing itself; APR also spreads one-time fees (origination, points, closing costs) across the term. Two loans at 6.5% can have APRs of 6.6% and 7.1% — the APR reveals the truly cheaper one.
Why is APR higher than the note rate?
Because you effectively receive less than you repay: fees reduce the money in your pocket, but payments are computed on the full amount. The gap is largest on short loans with big fees.
Is APR the full story?
Almost — APR assumes you keep the loan to term. If you will sell or refinance early, upfront fees hurt more than APR suggests, so low-fee loans win for short horizons.